|
| Exchange Disseminated Time | Jai Balaji Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 08, 2016, inter alia, has passed the following agenda:
1. Approved the proposal to raise funds through issue of upto 22,60,5000 Warrants on preferential allotment basis to Shri. Jaikapish Steel Private Limited, Shri Sankatmochan Steel Private Limited, Mahesh Kumar Keyal (HUF) and Mahabali Enterprises Private Limited, at Rs. 10/- per warrant or the minimum price determined in accordance with the SEBI (ICDR) Regulations and applicable law, whichever is higher, convertible at the option of the holders into equivalent number of Equity Shares, subject to the approval of the shareholders and all statutory authorities.
2. Decided to conduct the postal ballot for seeking approval of the member for approving the aforesaid issue. |
|
|